Harris said broadcast revenue was down about 2.8% in the third quarter compared to the same period a year before.
Revenue in its Broadcast Communications segment was $139 million compared to $143 million a year earlier.
The company said strong positive trends continued in its Video Infrastructure and Digital Media product lines. “Investments in analog-to-digital and high-definition systems are enabling content providers and broadcasters to create, manage and deliver additional channels and video streams to consumers. HD Radio Transmission systems revenue also increased as a result of further penetration of the new Harris FlexStar exciter.”
But revenue was “significantly lower” in the quarter for U.S. digital TV transmission and automation software systems products.
The broadcast segment posted an operating loss of $18.1 million in the quarter, in part due to cost-cutting in the Transmission and Software areas, including severance and facilities charges. “Income was negatively impacted by the significant decline in U.S. digital TV Transmission and Automation systems revenue, and by increased expenses associated with the investment and deployment of new Software products including OSi Traffic and Invenio Digital Asset Management,” it stated.
The company thinks its cost-cutting moves will save $12 million in fiscal year 2008.
The parent company reported revenue for the third quarter up 22 percent to $1.072 billion. Chairman Howard Lance called the third-quarter results excellent and stated in the summary that “significant restructuring activities during the quarter in our two commercial businesses overshadowed the progress we are making in repositioning Broadcast Communications and Harris Stratex Networks as global market leaders.”
